Wal-Mart Stores, Inc. (WMT) Stake Boosted by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. lifted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,337 shares of the retailer’s stock after purchasing an additional 1,608 shares during the quarter. Greystone Managed Investments Inc.’s holdings in Wal-Mart Stores were worth $10,653,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WMT. FMR LLC lifted its position in Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Alliancebernstein L.P. lifted its position in Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after acquiring an additional 1,716,422 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after acquiring an additional 1,689,364 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after acquiring an additional 1,324,722 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in Wal-Mart Stores by 128.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after acquiring an additional 1,158,519 shares in the last quarter. 30.58% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on WMT shares. Citigroup raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $106.00 to $117.00 in a research report on Tuesday, December 19th. Wells Fargo & Co set a $101.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Thursday, October 12th. Wolfe Research raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Bank of America set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, October 10th. Eighteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $99.44.
In other news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last 90 days. 51.39% of the stock is owned by company insiders.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $104.59 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $104.94. The stock has a market cap of $309,840.00, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. equities research analysts anticipate that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has authorized a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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